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Sep 30, 2012
09/12
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. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830
. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the...
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zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france's current leader may fall into the same trap many of his criticizers deal. who who who the past decades of governments have been cutting and cutting and cutting mostly to expenses to balance budgets but in fact the more they cut the slower the economic growth and consequently more cuts this will be a catastrophic budget i think taxing the rich and unprecedented seventy five percent for those that earn however a million euros a year was one of our lands crucial election promises allow a publisher editor and a french millionaire says the move is nothing but a political game. did this to make his electorate come d
zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france's...
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Sep 30, 2012
09/12
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FOXNEWS
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world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that president obama doesn't want to take any credit for but it passed six months. >> he signed it into law. the stimulus was huge. he signed a spending bill shortly before in the spring of 2009. but even in the beginning of 2009 where he wants to throw it on all on president bush. this is when president obama was in senate. he voted for tarp. he had voted for the budget resolution that year. so he really has a hand in all of this spending. saw in that graph the big spike was in that year. >> let's take a look at spending numbers. spending tra
world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion...
SFGTV2: San Francisco Government Television
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Sep 29, 2012
09/12
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SFGTV2
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our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billion came in, they thought they were king of the mountain and spend it. arnold came in to clean it up. a couple years later, he left town and $26 billion this year. this has been the nature for the last decade, kicking the can down the road. not talking straight. the way it is. the way it is, it is a tale of two cities. there is fabulous wealth and link electronics, inc. model number: pdr-885 software version: 3.0c in some places it would be food or shelter or lov
our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was...
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members and it requires them to slash the public deficit oh to be punished to be fined critics and people who've come here say these pact is all about control the brussels want to have over the european union members if they streety is ratified that means france will have to will be obliged to reduce its budget by thirteen billion euros and of course it will affect life in france dramatically go life of ordinary people i mean this budget document says it was already ready it's been reviewed recently and it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people of color hit are protesting against. we don't want. because europe wants to pressure us to stop our country from investing in public sectors like education don't with this we are protesting against the stereotype in europe and everybody knows that hysterically leads to recession will have from the cities we are against the imposition of the austerity plan will b
members and it requires them to slash the public deficit oh to be punished to be fined critics and people who've come here say these pact is all about control the brussels want to have over the european union members if they streety is ratified that means france will have to will be obliged to reduce its budget by thirteen billion euros and of course it will affect life in france dramatically go life of ordinary people i mean this budget document says it was already ready it's been reviewed...
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changes here in the country but while france is economically struggling with an enormous dad huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. south america is the new hunting ground for russian oil sun isn't dials at our listeners does that was the story here is this one writes to a joint field to venezuela the company sixteen billion dollars into the carriage to block the little share with venezuela c.v.t. it's a busy time for us and if which is also tying up cross ownership deal with britain's p.p. rate of course or explains there are more twists and turns in this field and in the news where the pork right to really get the full picture when we take a look at who makes up the n.k.p. and how we got so this point so the british partners are here the russian side is represented by a our tension between the two has been brewing for years culminated when b.p. decided to venture out on its own and partner up with another or major that was wrong to e
changes here in the country but while france is economically struggling with an enormous dad huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. south america is the new hunting ground for russian oil sun isn't dials at our listeners does that was the story here is this one writes to a joint field to venezuela the company sixteen billion dollars...
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changes here in the country but while france is economically struggling with an almost huge budget deficit and an employment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france and of course r.t. is coming to you live from the heart of moscow i'm wrong and i'll have more news for you after a very short break. looking at some dogs you simply do not believe they come speak and goodness how they can wrong oh. it's an international sled dog race with those driving the dogs. coming from as far away as a strength in canada and the us they come to russia and everybody is so very friendly they welcomed me with open arms and the scenery is so beautiful it's very much like alaska and so i felt at home the first sled dog was brought here from australia now a stray i've come to this remote russian village to take part in the race it's not surprising they love it this trail ira mazie. but even more amazing is the story of how racing first started here at all it wasn't the tough mushers of sled d
changes here in the country but while france is economically struggling with an almost huge budget deficit and an employment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france and of course r.t. is coming to you live from the heart of moscow i'm wrong and i'll have more news for you after a very short break. looking at some dogs you simply do not believe they come speak and goodness how...
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changes here in the country but while france is economically struggling with an enormous huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. which has all majors are moving abroad dale's head how business desk or the story. is becoming the latest play will develop an oil field in venezuela the company will have a sixteen billion dollars into the carriage. with the venezuelan oil corporation c v p. also anticipated to toy with b.p. of britain the two firms are currently in negotiations over a stake in b.p. really because of rick's planes. there are more twists and turns in this deal than on the moon is made a park ride to really get the full picture when you take a look at who makes up the n.k.v.d. and how we got so this point so the british partners are here the russian side is represented by a our tension between the two has been brewing for years culminated when b.p. decided to venture out on its own and partner up with another or major that
changes here in the country but while france is economically struggling with an enormous huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. which has all majors are moving abroad dale's head how business desk or the story. is becoming the latest play will develop an oil field in venezuela the company will have a sixteen billion dollars into the...
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Sep 25, 2012
09/12
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FBC
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i think they could focus on the trade deficit with china because the money goes to china is money that leaves but doesn't come back to, buy foreign products but doesn't buy american products. that is one problem. the other is, if we develop more domestic energy even consuming same amount that is much less for the middle east that doesn't come back. finally, i think, small businesses could use a lot of help from the banks. that is banks were more able and ready to lend. and recognizing that the, the banking crisis that we had in 2008 and nine wasn't from lack of regulation but it was failure of regulations we had. melissa: yeah. >> dodd-frank was really more than we needed. sarbanes-oxley was supposed to solve most of those problems. melissa: clint, is there one thing the government could do to help you out right now? >> yeah, just get the hell out of the way. that's all i'm asking. get out of the way. melissa: clint, you're not one to mince words. i think i love you. i mean thank you for coming on. >> i like that. melissa: yeah i do too. thanks, guys. moving on to global issues. more t
i think they could focus on the trade deficit with china because the money goes to china is money that leaves but doesn't come back to, buy foreign products but doesn't buy american products. that is one problem. the other is, if we develop more domestic energy even consuming same amount that is much less for the middle east that doesn't come back. finally, i think, small businesses could use a lot of help from the banks. that is banks were more able and ready to lend. and recognizing that the,...
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Sep 28, 2012
09/12
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part of the budget reform hike taxes on the wealthy to reduce france's deficit amidst all of. calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the border cost more in canada than the lower 48. suspects bought $200,000 of the stuff buffalo, new york. drove some 22 miles into canada without declaring it to customs. sold it to canadian restaurants and made more than $165,000 in profit. off cheese. one day after israel's prime minister netanyahu drew a red line. he spoke about the iranian nuclear threat. we will have details from both phone calls. word of another football bounty scandal. but not in the nfl this time. peewee wait until you hear this. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speec
part of the budget reform hike taxes on the wealthy to reduce france's deficit amidst all of. calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the...
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Oct 3, 2012
10/12
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MSNBCW
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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Oct 2, 2012
10/12
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FOXNEWS
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governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the president in the las vegas area. he has been spotted in the lobby of the hotel, with reading glasses and a pile of papers, going through this like it is a final exam and researching every last bit. the president, when he delivered pizza to campaign volunteers to show he has a calm, cool image headed into the debate, he made clear he also things this is like a final exam. he has been holed up, long hours, inside, dealing with a big workload. >> it is all very nice. although they keeping me indoors all the time, that is a drag, they are making me do my homework. >>reporter: the p
governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the...
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Sep 26, 2012
09/12
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CNNW
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there will still be a substantial deficit but it will be much smaller. president obama's main contribution to this $16 billion debt which is -- a $1 trillion debt which is a ten-year figure, projecting out ten years, was the stimulus bill which was $800 billion, which i believe was a good thing to do. i think that that might even be even bigger without it, because it kept people working and paying taxes and off the government payrolls and because it created new jobs and infrastructure in energy. if you look at his annual spending budgets, they are about 2% increases. that's less than the rate of inflation. so i think that the reason that i believe he will win re-election is that we're beginning to recover. we've had a higher rate of job creation since the recession bottomed out, the collapse bottomed out in the middle of 2009, than in the previous eight years, and we are moving in the right direction, and the policies he has advocated are more likely to present a good economic result. that's why if people thought this was just like another recession, he
there will still be a substantial deficit but it will be much smaller. president obama's main contribution to this $16 billion debt which is -- a $1 trillion debt which is a ten-year figure, projecting out ten years, was the stimulus bill which was $800 billion, which i believe was a good thing to do. i think that that might even be even bigger without it, because it kept people working and paying taxes and off the government payrolls and because it created new jobs and infrastructure in...
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members and it requires them to slash the public deficit traumatically or to be punished to be fined if they streety is ratified that means france will have to will be obliged to reduce its budget by thirty billion euros and dramatically just huge sum of money and of course it will affect life in france dramatically the life of ordinary people i mean this budget document says is it was already ready it's been reviewed recently and it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people of come here today are protesting against and they're calling for the opposite they say the country's economy right now needs most candy and lawyer tax says to do with the big day in the street needs to be developed and the conna me needs to be boasted otherwise they are afraid that i'll do the country's economy will decline and that will affect dramatically their life and they moved simply they don't want that. we don't want the
members and it requires them to slash the public deficit traumatically or to be punished to be fined if they streety is ratified that means france will have to will be obliged to reduce its budget by thirty billion euros and dramatically just huge sum of money and of course it will affect life in france dramatically the life of ordinary people i mean this budget document says is it was already ready it's been reviewed recently and it says that it proposes to save thirty billion euros by cutting...
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members and it requires them to slash the public deficit dramatically or to be punished to be fined if they streety is ratified that means france will have to will be obliged to reduce its budget by thirteen billion euros in term mattick lynn just huge sum of money and of course it will affect life in france dramatically in the life of ordinary people i mean this budget document says it was overdue ready it's been reviewed recently and it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people who've come here today are protesting against and they're calling for the opposite they say the country's economy right now needs more spending and lawyer taxes there is another thing people say they're very anxious about french president francois hollande wanted to avoid referendum a national referendum on the treaty because it would most likely lose and the reason only poll mentioned votes should do for early october and peo
members and it requires them to slash the public deficit dramatically or to be punished to be fined if they streety is ratified that means france will have to will be obliged to reduce its budget by thirteen billion euros in term mattick lynn just huge sum of money and of course it will affect life in france dramatically in the life of ordinary people i mean this budget document says it was overdue ready it's been reviewed recently and it says that it proposes to save thirty billion euros by...
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Oct 1, 2012
10/12
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than you produce, but trade deficit was not a great concern, but over time with the deficit, that's going -- you'll pay for that one way or another. in the current campaign, one of the commercials broadcast in some of the battleground states like this area is the china commercial, mitt romney accusing president obama of allowing the chinese to cheat as it were, and that manufacturing jobs for the first time, more manufacturing jobs in china and the obama administration's responding. is that a fair fight? is that a fair issue? >> guest: you know, china has to live up to its obligations under the world trade organization like anyone else, but, you know, here we in the mall, washington monument there, white house there, constitution avenue. when you see the chinese feeling what really is of value, it's hiding in plain sight, the declaration of independence and the bill of rights, then you should start to worry, but if they cheat here and there, they take the next thing we produce because we have that incredible foundation here of rule of law, protection of property, and a wonderful soc
than you produce, but trade deficit was not a great concern, but over time with the deficit, that's going -- you'll pay for that one way or another. in the current campaign, one of the commercials broadcast in some of the battleground states like this area is the china commercial, mitt romney accusing president obama of allowing the chinese to cheat as it were, and that manufacturing jobs for the first time, more manufacturing jobs in china and the obama administration's responding. is that a...
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Sep 29, 2012
09/12
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FOXNEWS
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the thing with the car thing, we all have to pay a higher gas tax and help the deficit, and have the cars making 80 miles per hour and we're the ones driving far. >> you say you want to wave the flag for patriotism, you say there's something to it? >> yeah, sure, first of all, you've got to give the guy a nod. here is a guy that the right wing loons have been calling manchurian candidate from kenya the last four years and kind of amusing to watch him waving old glory in their faces, but i will share some, something-- >> yeah, how amusing is it to see our debt go higher? >> oh, well, i'm not sure that either of these candidates has taken anything terribly serious about the debt. i mean, at least obama is talking about raising taxes and revenue and i don't think we know what romney's plan is, he won't share any details with us. i'll tell you what though, you say everything is about cutting spending. you know, gary, europe has been cutting spending like crazy and look where europe's headed. their talk, a lot of evidence that they're in recession now, because they've been way overaggress
the thing with the car thing, we all have to pay a higher gas tax and help the deficit, and have the cars making 80 miles per hour and we're the ones driving far. >> you say you want to wave the flag for patriotism, you say there's something to it? >> yeah, sure, first of all, you've got to give the guy a nod. here is a guy that the right wing loons have been calling manchurian candidate from kenya the last four years and kind of amusing to watch him waving old glory in their faces,...
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government bonds issued by the treasury which then the treasury uses to pay down the debt to finance the deficit at a low levels so it's a very vicious cycle that maybe people aren't as aware of the impacts and we're going to talk about it right that's all coming up next on the capital account with lauren lester thanks lauren that's going to do it now for the news but you can always check out our you tube channel you tube dot com slash r t america our website our t.v. dot com slash usa follow me on twitter as well we'll be back here and a half hour. i've . not. easy to be. easy to. see.
government bonds issued by the treasury which then the treasury uses to pay down the debt to finance the deficit at a low levels so it's a very vicious cycle that maybe people aren't as aware of the impacts and we're going to talk about it right that's all coming up next on the capital account with lauren lester thanks lauren that's going to do it now for the news but you can always check out our you tube channel you tube dot com slash r t america our website our t.v. dot com slash usa follow...
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Sep 28, 2012
09/12
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unveils steep tax hikes on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy was announced earlier today in berlin. >> he is the spd star right now after the two other contenders made way for him. the parliamentary leader refused to run a second time, and party leader did not think he would attract enough votes, so steinbruck is said to compete against his onetime ally angela merkel for the chancellorship. >> i accept the challenge to take the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he has a degree in economics and is known for pragmatism and expertise in fiscal policy. he
unveils steep tax hikes on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy...
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Sep 25, 2012
09/12
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CNBC
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the fact that britain's budget deficit is going to be larger than greece itself means nothing. yes, it points out there is still fiscal vulnerability, but britain also has its own currency, it's not part of a defunct quasi unified surps city block. so to simply compare it with greece doesn't seem to add much value at all. >> yes, but it's got noteworthy applause, hasn't it. not applause. it has notoriety. and we do think mervyn king's already given the green light for the government to loosen up its deficit targets. >> meanwhile the defense ministers are reportedly set to meet over the planned $45 billion merger between bae and eads. our favorite name so far is beads. it's a warm and fuzzy name for a defense company. >> absolutely. beads. doesn't sound bad whatsoever. a little bit of a feminine touch there if you think about what you can put around your neck, but i i like it, too. the latest in that development is of course tomorrow tom enders will step into front of the german parliament to map out the kind of deal that we may expect from that merger. until now, all the govern
the fact that britain's budget deficit is going to be larger than greece itself means nothing. yes, it points out there is still fiscal vulnerability, but britain also has its own currency, it's not part of a defunct quasi unified surps city block. so to simply compare it with greece doesn't seem to add much value at all. >> yes, but it's got noteworthy applause, hasn't it. not applause. it has notoriety. and we do think mervyn king's already given the green light for the government to...
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greece is obviously a deficit country and these surplus countries i think the problem is that they're asking for certain concessions from the deficit countries like greece that go against the heart of autonomy and national self-determination and at the same time the servos countries are not willing to get into bail them out and i think the risk on risk off situation i would see in markets indicates that no one really knows how long that's going to continue but i think the markets are. convinced that it's not going to end well that it's not going to be able to go on and on now the ease increasingly looking east towards the china e.u. summit showed the team to kindle and close a friendship now what do you know thoughts on this relationship is it one that driven by mutual advantage or just desperation by the e.u. has always looked eastward in the sense that they've looked to expand their borders they've continued to move east but the last expansion hit a wall they kind of overextended themselves and i think that if anything this this recent push is an attempt to exhaust all possible opti
greece is obviously a deficit country and these surplus countries i think the problem is that they're asking for certain concessions from the deficit countries like greece that go against the heart of autonomy and national self-determination and at the same time the servos countries are not willing to get into bail them out and i think the risk on risk off situation i would see in markets indicates that no one really knows how long that's going to continue but i think the markets are. convinced...
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Sep 29, 2012
09/12
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. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles followed by the collapse. >> we want comprehensive reform of the fiscal system. it has to be more progressive. we know in spain that corporations only pay 11% from their benefits. at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a
. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles...
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Oct 3, 2012
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mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of different details of that proposal but i would also say that limiting deductions to $17,000 for middle-class families still results in a tax increase. even in just the health premium deduction, for families last year, were about $15,000. there you go. what happens to the mortgage deduction, charitable deduction, child deduction. he's raising taxes on middle class families. >> if this comes up and mitt romney starts to do that math that paul ryan wouldn't do, i'm sure this will be a topic of discussion. >> how worried are you about the jobs report on friday? >> we face this ev
mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of...
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Oct 3, 2012
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and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think that you'll hear a great deal of specifics and most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through the motions of lowering expectations for tonight. but both candidates are season debaters. >> it's all about the economy tonight. the first three 15 minute segments will be devoted to that topic. in denver, colorado, danielle nottingham, derek, back to you. >> all right, thank you danielle. back here, the political editor is with me. you have a focus group outside the beltway to help us out. >> the correspondent organized a focus group in richmond, a half dozen people who are split parties and will talk to them and see when they sought. you're right, the judgment is who won? >> the big question among those voters must be, are any of them among the persuadeables? a small percentage out there. >> it's hard to tell how many people really are persuadeable at this point. for that matter, how many of o
and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think that you'll hear a great deal of specifics and most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through the motions of lowering expectations for tonight. but both candidates are season debaters. >> it's all about the economy tonight. the first three 15 minute segments will be devoted to...